Solar Panel Cost Guide in Villas, NJ (2023 Update)
- Villas Solar Installation Cost: $8,207
- 25-Year Savings: $14,554
- Payback Period: 9.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Villas
Let's have a look at the average cost of solar panels in Villas.
While the national average of solar panels is $2.66 per watt, solar panels in Villas generally cost around 2.77. The average Villas homeowner needs a 4.2-kilowatt system, which would cost about $8,202 with the federal tax credit, or $11,729 before the 30% tax credit is applied.
The true price you pay can go above or below the average in Villas based on a variety of factors, such as the type of solar panels you choose and the solar contractor you hire. With average savings of about $20,000 on utility bills over 20 years, many homeowners in Villas find installing solar panels has a decent ROI.
You can click the button below to get connected with a pre-vetted solar company in Villas that can help you get a more accurate cost estimate for your home.
Solar savings over time in Villas
| Year | Return on Investment |
|---|---|
| 1 years | $-8,131 |
| 3 years | $-7,979 |
| 5 years | $-7,827 |
| 7 years | $-7,676 |
| 9 years | $-7,524 |
| 11 years | $-7,372 |
| 13 years | $-7,220 |
| 15 years | $-7,069 |
| 17 years | $-6,917 |
| 19 years | $-6,765 |
| 21 years | $-6,613 |
| 23 years | $-6,462 |
| 25 years | $-6,310 |
Top Solar Installers in Villas
When going solar, many homeowners prefer to go with a solar installation company since handling can be a time-consuming project. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Villas
Factors that Affect Solar Panel Costs in Villas
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Villas: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. There are many different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Villas provide solar loans, which reduce the initial cost of installing solar panels. Even though solar loans make adopting solar energy more accessible for Villas homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installer you pick will affect your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.88 | $12,099 | $20,167 | 9.4 years |
| 8 kW | $2.83 | $15,822 | $27,200 | 9.2 years |
| 10 kW | $2.77 | $19,390 | $34,387 | 9.0 years |
| 12 kW | $2.71 | $22,803 | $41,730 | 8.8 years |
| 14 kW | $2.66 | $26,060 | $49,228 | 8.7 years |
| 16 kW | $2.60 | $29,163 | $56,881 | 8.5 years |
| 18 kW | $2.55 | $32,110 | $64,689 | 8.3 years |
| 20 kW | $2.49 | $34,902 | $72,652 | 8.1 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Even though there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of offerings before making your decision.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely provide good-quality solar panel installation and expertise.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Contract: Before signing a contract with a solar company, be sure to read it through fully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Villas, NJ Solar Cost FAQs
What is the average cost of installing solar panels in Villas?
The average cost of solar panels in Villas is about $13,850 for a 5-kW system and $27,700 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Villas?
You can't get solar panels for free in Villas. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Solar panels can be a good investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.